DislikedA friend of mine tells me he hardly ever takes a loss.
He is right more often than not, but when a trade goes against him, he just waits and even if it goes against him a few hundred pips he just hangs in there.
When I look at my own trading, I am also often on the right side of the trade, but sometimes it goes against me and hits my stop loss (45 pips).....but if I had a larger stop it would have eventually come back and gone my way, or at least come back to let me out without a loss
I need to think this through....so i was browsing on FF looking...Ignored